Throwback Thursday: Remembering When Congress Controlled Tariffs

In addition to its impact on the Great Depression, Smoot-Hawley occupies a special place in tariff history because of its impact on us.

Deficit Deal Primer

In 1934, after meeting with John Maynard Keynes, FDR said that he “liked him immensely” but groaned that he talked like a “mathematician.” Keynes’s advice to FDR? Described by Sylvia Nasar in Grand Pursuit, increase deficit spending from $300 to…

FDR and Obama: Similar or Different?

If this were 1930 or 1931, you would think you were experiencing a cyclical downturn–not a Great Depression. In an econtalk interview, Stanford’s David Kennedy begins this way, placing the listener in a contemporary context. Instead of looking backward at…